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. is that payroll tax hike hurting consumers? hi, everyone, i'm brenda buttner. this is ulls & bears". let's get to it. we have gary smith, tracy burns, jonah, john layfield along with steve murphy. thank you. so, john, should d.c. be heeding these retailers' warnings? >> of course they should be. there's plenty of time since they're all on vacation right now to look at the news. the presidents that have done best lowering taxes have spurred the onomy. look at president coolidge, rornld reagan spurred the economy, when he lowered them, he later raised them, but to get the economy going, he lowered taxes. walmart said they're hurt by lower income sales. a 2% payroll tax increase, the payroll tax cut was put in place. it hurts lower income. if you're in the upper middle class, if you're higher, it doesn't affect you at all. with high gas prices, lowest labor partipation rate since the 1980s and the economy stagnant, it hurts consumers significantly, yes. >> it's not just lower economy because we saw macy's, nordstroms, they have to fire their piano player or something, th is really hitting everyon
. [ cheers and applause ] but we start tonight with a subject everybody loves: taxes. who in america doesn't grow up excitedly leaving a box of your old receipts at the foot of your bed on april 15 eve hoping that if you've been good an accountant from the north pole will show up on his magic sleigh and reward you with a surprisingly large invoice from the government? but did you know that our tax system is somehow not universally beloved? >> we need to overhaul our tax code. >> the tax code is broken. it's not fair. >> it is inefficient. our tax code is one of the worst in the world. >> simplify the tax code. we need to change our tax code. >> john: whoa, watch your mouth. you can't just talk to codes like that. they're very sensitive. this is exactly the kind of criticism that drove the morse code to suicide. for all of you morse code fans. yes, look, we all think the tax code needs pruning every now and again. that is why we do it, i imagine, every three to five years. >> our tax code hasn't been reformed since 1986. that's 27 years. >> wow. to put that in perspective, the tax reform ac
with the president, the tax be and spend policies of mr. obama are not working. but, remember, please, he begins a speaking tour this week where he will call for more of the same. and then there's this, a new study by the libertarian cato institute reveals that in 35 states, welfare benefits pay more than minimum wage jobs. first, let's start with hawaii, it's a glaring example here. you could make up to 30 bucks an hour on welfare. 60,000 a year, that's in total, untaxed welfare benefits. hawaii is not the only state. coming up, we're going to show you all 13 of the states that pay more than $15 an hour in welfare benefits. and let's get to the markets, because we're about to open up the trading session. it's janet yellen, versus larry summers, this is an intense and public campaign over who is going to be the next fed chair. both parties lobbying hard. personally, i've never seen this before. it's become a political and, yes, a personal battle. we're on it throughout the show. as for the market itself. it's going to open, we think, below 15,000 this morning. however, hold on, we've got a money
think of it. that's my take. of course, what these markets and economy could really use is a good tax cut. we're not going to get it from president obama. but he should listen to the lessons of the president john f. kennedy, who 50 years ago was a pro-growth tax-cutting supply cidsid sider who finally got the american economy roaring. just wait until you see this on tape. you'll soon believe that jfk was a liberty-defending neocon supply side tax cutter. finally, speaking of taxes tonight, did you know the most expensive money-making colleges in america don't pay any taxes? that's right. they're tax-exempt. even while tuitions are skyrocketing. but the call to change all that is getting louder and louder. all those stories and much more coming up in "the kudlow report," beginning right now. >>> first up tonight, a strong selloff overseas as markets around the world took the brunt of fed taper fears. but less than 24 hours until the latest fed minutes are released, will investors hear more guidance from the fed? good evening, robert. >> hi, larry. the markets moved sideways today as in
true of tax reform? dave camp and max baucus have been barnstorming the country, holding these events to promote tax reform. is tax reform another issue that could fall in the same category as the immigration issue where it developed the same way? >> it is worth having a conversation about tax reform. the house has signaled that they are done with tax increases. that is very important. it lets you show what your conservative values with the. when i think back to the fiscal cliff, it would have played out very differently if the house had passed and innovative program of tax reform, brought downgrades, did in a revenue neutral manager. these thinkers said we passed the tax cuts. we support that position. this reforms the tax code. it takes something nine times longer than the king james bible and makes it more progrowth and understandable. we put those options down. we have a deadline coming up on december 31. show them your values. i think we can do this with tax reform. i think on the corporate side there are perhaps opportunities for gathering in a bipartisan fashion. i am more skep
pays better than work. why? one reason is welfare is tax free while work is taxed more than ever. this is the wrong incentive structure to get people off the doll and back on their feet. >>> one of the topo lit call minds in america is set to join us tonight. we're going to ask larry sabato about what's wrong with the deck kratz today. hillary clinton's presidential chnss and get a look at the big new online course and all about the legacy of john f. kennedy. all of those stories and more coming up on "the kudlow report" coming up right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." the federal reserve minutes. did they tell us anything? steve liesman joins us in jackson hole. >> good evening, larry, from jackson hole where the fed is gathering. they're gathering without ben bernanke and mario draghi. the fed is releasing its minutes from the july meeting in which it showed no clear intention as to the tapering in september. the committee is split with a few members saying the fed should be patient before tapering. there was not enough economic da
changes in the tax and budget regime we have in the united. very serious changes that are going hurt. and so nobody wants to do it and the worse thing that can happen is we don't do any of them until we have a crisis. the really horrible crisis. and defaulting on the debt would be pretty bad if it were allowed to happen for more than a day or two. but a horrible crisis could happen in other ways as well. for example, -- this is something we really have to pay more attention to -- the previous ten -- the leader of the counsel of economic advisers, maybe it was more than ten, from both parties last year jointly signed a letter and open letter to congress and the administration saying, look if we don't get the situation under control what is going to happen is one day -- no one knows when it's going to be. for sure one day the bond market, all the people in institutions and the world that lend those billions of dollars to the united states are going start demanding a higher interest rate. it will go up and up and up.
through tragedies in his home state, lowered taxes, fought the unions, did everything that a republican will do but because he embraced obama had his state was in turmoil, he is apparently not a good guy. neil: they claim you were there guy, you got to washington, you know, youre all about getting things done, i can understand the frustration, saying that you are not parroting every one of our causes, you are almost dammed if you do, dammed if you don't. >> that is okay, i'm an american first, so is chris christie and rand fall and others, we're different people, and -- >> i think it will is bigger than that. have you a better read you are closer to the fire. but it seems when the nastiness is out in particular with chris christie and paul, that is not dying down. >> to have someone like me talking about unifying the country, putting our country first not our political personal interests, we'll see if that resonates with people, there is a void with extremes on the left and the right. neil: where do you feel it? would a president brown, be against providing more aid to egypt. >> i would
the taxes down. didn't do stimulus packages. gets down on the regulations that strategy worked even though times were tough in the early '80s. we had higher unemployment than we have now. melissa: hard to stick to your guns that that situation. second rule, rule of law over arbitrary actions of the government. can you give us an example? >> sure. right now recently the new health care law it was extended mandate about firms having to provide it. of course that is a change in the rule of law. now we don't know exactly what the rule is going to be. then there's a special examples where you say bail out a firm because you think it needs help. you hurt the economy and don't bail out others that is violating the bankruptcy code. it is becoming more and more prevalent unfortunately we're not sticking to rule of law. that is one of the things so subtle and so important about an economy. in the past we've done that things work much better. melissa: you say we shouldn't have done away with the law when we were getting rid of employer mandate. i did too many negatives there. you know what i mean. em
you very much. melissa: coming up next on "money," california gives big tax breaks to thousands of small businesses. now it wants the money back. gee, can't imagine why so many businesses are leaving the state, can you? you won't believe this one. >>> one of silicon valley's outspoken ceos stacks his own company up against uncle sam. he is here to give the startling results of the wait until you hear this. more "money" coming up. ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pai it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking
,000. this is -- we check credit. we need a business plan. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see
. thanks to tax-free trading. how congress can get them to pay their fair share. >>> next, i'm taking your questions. ask ed live just ahead. with the spark miles card from capital one, bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less? ahh, oh! [ garth ] great businesses deserve unlimited rewards. here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? car insurance companies say they'll save you by switching, you'd have like, a ton of dollars. but how're they saving you those dollars? a lot of companies might answer "um" or "no comment." then there's esurance. born online, raised by technology and majors in efficiency. so whatever they save, you save. hassle, time, paperwork, hair-tearing out, an
message. in fact, the tax, spend, and mandate obama care plan is a huge drag on the economy. and on top of that the president's idea of corporate tax reform is really a tax grab for all his pet spending projects. there's no sign of the keystone pipeline. an epa war against coal and fossil fuel. and a double whammy of investor tax hikes and new regulation. so i ask why should the second half of this year's economy grow any faster than the nearly 2% growth of the first half? why? i don't see it. and in july numbers they were very mediocre. and if the fed makes any move at all, and i think they shouldn't, it's going to be a sliver. not even a taper. now, the president obsesses about income ineke waultd, but he says nothing about economic growth policy that's would create a rising tide that would lift all boats, which is what we need. i'm honored to be joined for the full hour tonight. wisconsin republican governor scott walker, who knows a thing or two about budget cutting, pro-growth tax reform, and job creation. also with us, the equally formidable president obama's former chair of the c
has a big problem with the tax man. not what the tax man is doing, the shaky law he is using to do it. [ male announcer ] these days, a small business can save by sharing. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share more. save more. at&t mobile share for business. ♪ neil: okay this is enough for me, the plug-ins are getting out of control, this one crosses the line, it a fold up car, usually i joke about not being able to fit into such cars, but this one, i don't think that anyone can. it has so the yo set you off on, one write, freaky, i would not last 30 seconds on l.a. freeways. and one of our followers thanked us for the good laugh. what do you think? does this th
gives big tax breaks to thousands of small businesses. now it wants the money back. gee, can't imagine why so many businesses are leaving the state, can you? you won't believe this one. >>> one of silicon valley's outspoken ceos stacks his own company up against uncle sam. he is here to give the startling results of the wait until you hear this. more "money" coming up. ♪ every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 bs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. ♪ melissa: boy he who giveeth can taketh away. the state of california ordering small business owners to pay back millions of dollars in back taxeafter letting the very owners take the tax break legitimately years ago. the total could hit $120 million. it is another case of government gone wild. we'll g
is a big democrat at that he has a big problem with the tax man. not what the tax man is doing, the shaky law he is using to do it. one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing contest and go! ♪ win! what's in your wallet? [ male announcer ] staying warm and dry has never been our priority. ♪ catering to the conveniently lated has never been our priority. our priority is, was and always will be serving you, the american people. we get to see everyone in america almost every day. and we've noticed that you're sending and receiving more packages than ever. so we wanted to give you a more riable way to ship them. with improved priority mail flat rate. don't just take our word for it -- now we'll prove it every step of the way with tracking up to eleven scans, specified delivery dates, and
on the consumer being so strong and payroll taxes, higher year over year, and it is really resilient. >> added that clinton the latest numbers? >> it is the last ten quarters and notice and i am sure everyone noticed those earnings, analysts are very conservative at the beginning of the season and after the last ten quarters at the beginning of earning season before alcoa reports on average four points lower than what we have seen so this quarter shut out differently. the surprise ratio was 120. not surprising to the upside as much as over it less ten quarters but most of that is the son microsoft, google and amazon. no one expected those to miss as much as they did, amazon by the big is presented in the entire data set that goes back to 1999. still three companies would meet analysts' estimates of growth rate would have been 6% right now we are only up 4.8%. dennis: better than anticipated. when an investor looks at what you are doing on sectors, do we instantly avoid the sectors that have gone up or was there up momentum play in the sectors even though they are, it starts to bring in more mo
that dismantled the middle class. the story generally goes that tax policy favored the rich particularly in the 80s created the idea of a hazmat society which we're going to talk about. the very sort of plump section of united states economically and socially became skinnier as you moved up our down. and i don't challenge that agree. i agree with that. basically what i do is push the story further back. i actually think it was in the mid '60s when the american middle class started breaking up for reasons that weren't really economic at all. it was part of the larger fragmentation or bulkization of the united states that happened in the mid 'out of as the counter culture came along. i pushed the story back further. the irony with the subject given how much chatter there is nobody really knows what it is. nobody has a firm definition of the middle class. it's impossible to define it definitively. the most common use is economics. particularly income. which i think is a terrible way to define the american middle class as we'll talk about. if you don't use economics, you go in to subjective criteria l
about what type of legacy you want to leave behind. this is just all about taxes but actually is about more than just taxes. this is someone who will guide you through the process from start to finish. you are not over ramps. >> what happens when you do not have an estate plan? >> first of all if you do not have one you never lost an opportunity for yourself. i have had clients who d on based on at the core role. you are losing this and so much control. you will not be able to determine who gets word. the california law will. probate, mes cost. probate this as the court process and it is very expensive when you die without a written plan. plus the expense to the irs. this can oftentimes be avoided. >> with that said, leaving a legacy, is it just passing your assets to your children? >> you do not want to play paris hilton and a bold a kid to be spoiled. how did you avoid this? >> yes the borrower, make sure that their children in moscow. that one of the to work hard for this month in the to have given the direction. what do you want them to do with the legacy that you left them. i see
. it cannot invest in infrastructure. it cannot change the tax code. it has to convince people to do things. how does it convince people? the idea is very simple. you make asset markets unofficially high. the wealth effect, people feel richer. maybe companies will invest more who owns financial assets? you have this irony in using imperfect policy by necessity, you make income inequality worse. >> ms. bair, do you believe that this is contributing to the widening of income inequality? >> i do. it is not trickle down. it has resulted in financial asset inflation. that benefits people who own financial assets who are the wealthier folks. there are not quality jobs. the vast majority of people in this country -- they don't own financial assets that have been inflated through this aggressive monetary policy. i think they wanted to create jobs but it is not happening. >> what is the biggest risks to the economy right now? >> i think the unsustainability of the course that we are on. we have tepid growth and we are too much trying to go back to the past. it is just not sustainable. you need real
paying. they paid a tax shillings to the pound. another indicate the tax is paid and another indicate the taxes in arrears. james lacy was paid in full and not in a rears. the tax in 1846 was cut in half from the previous year. the year 1847 shows something else. the people were taxed in may of 1847 and made to pay a 4 fold increase and in october of 1847, 15 times what they were paying in 1846. this amounted to a 900 percent increase in tax in less than a year. still james lacy was paid in full and not in arrears. i show the book to the librarian who knows i am reading papers to look for clearance notices and says, there's your answer now you know why they left. newspaper mentioned the establishment of insolvant commission. in commission states the tax afforded the clearance amongers the most effective means of getting rid of this agricultural population. some landlords were praised as humane for forgiving 3-4 year's rent or accepting what people could pay. these landlords were in the minority and the landlord of cottage where nie family lived was not among them. rate payer books for
businesses, to those without tax departments without legal departments, then they are asking these small businesses to prove that they have not done anything wrong. tht is contrary to everything we think about in america. it is you are innocent until proven guilty, not send this letter to small businesses, and respond, take time out of their business, when they have done nothing wrong. i disagree with premise that looks at its if small businesses are those cheating, not paying taxes, there is no to show to me thattsmall businesses are any more or less guilty than large businesses. neil: y are right. but craig. irs saying there is money to be gained going after you small business guys, that is the goal, any time anyone gets a letter from the irs it is intimidating because theys that their correspondents in all capital letters to me is like, you know homicidal killer, but. it intimidating and meant to. >> it is horrifying. i am not surprised but i'm outraged they are picking on the small business owners issue he nes to concentrate on surviving and growing instead of trying to figure out ho
training materials. tax analysts claiming the public has a right to know more about how the irs weighs tax exempt applications. karl, is this term of transparency that we've heard so much just a campaign jingle and what right does the irs have to refuse to release training materials? >> well, first of all, tax analyst is a group that, in essence, tries to get as strong an understanding as it can of what the irs regulations and rules and approaches are in order to then help people in business comply with the law. so they've been around for a long time. and the fact that the irs refuse toss give them these training materials is a sign, the training materials showing how a nonprofit application will be accepted or won't be accepted. i mean, this is a cover-up. there's no ifs, ands or buts about it. it's not just the tax analysts. the usa today, the begin et newspapers -- owned by -- there's been inquiries out for three months and have been stiff armed by the irs. this stinks. the new leader of the irs ought to be trying to get this issue behind the agency and the administration by being as fo
can join our conversation, facebook.com/cspan. jesse norman -- our tax dollars at work, b cia. david says that it is not a coup, let's keep sending them more financially, debts and takes just like the 400 missiles smuggled through benghazi and all the arms distributed to al qaeda in syria. and daniel has this point -- holy moly, i had no idea what was getting that bad. things are not turning out for the better for them. ase's, -- stop before and eight. you can send us a tweet. here he is joining us from pennsylvania. is joining us from pennsylvania. caller: good morning. i understand these numbers are going to rise as more casualties lineup. my question is, we help with the muslim brotherhood into power, and it is horrible that these people are dying and all, but how many people have the muslim brotherhood target for slaughter, men, women, children, simply because they believe that jesus christ is who he says he is, he is lord and savior, and they get massacred for that, but we are upset that the massacres are getting massacred anin turn. host: this is from the "new york times," hund
and the prices go as high as $800 interest some t dr creates revenues through tax. new york politics the transfer taxes on t dr sales. so in terms of our recommendations for publicly owned t dr we're suggesting that t dr for city buildings be certified for eligible for t dr programs and the 10 year capital plans. we suggest that the department of real estate be allowed to transfer those t drs and the department of real estate will do this based on the tractions. and we also suggest that the board of supervisors considered designating properties owned by port to be eligible for t dr. those 3 piers and one important thing is to set the t dr for the port properties. other remthsdz, you know, we noticed there's a need to balance you know the historic preservation goal paid through by impact fees. you know the t dr program was put in there from 6 to one to 9 to one. but above that there are impact fees charged in the plan. in terms of information that's one of the big exchanges we heard about when he did the interviews. we recommend additional reporting on the annual usage of t dr and the market prici
. the next one will also be on how to grain your business, with tax -- green your business, tax credits available with that. for non-profit, charitable organizations, we have a workshop coming up. that is helpful for those of you who are looking to access the committee on a durable basis. >> also, on behalf of leader pelosi, i want to thank our panel and her staff. we are tenants in this building. i apologize for the security situation that happened upstairs. if you have concerns about it, please come and see me. i would like to convey those to the landlord here so that it does not happen again. thank you. >> hi, everybody. my name is carmen chu. why don't we get started. with a marking up with the department of small business -- we have been working with the department of small business. this project started when we heard from neighborhood merchants. unfortunately, they had access issues, visibility access issues. we have been working closely with many of our partners year today to educate about these -- many of our partners year today to educate about these issues. also in terms of bo
, this administration, with their tax records, they sure don't trust this administration with their phone railroads. >> i want to make clear once again america is not interested in spying on ordinary people. >> there's nothing phony about an nsa program that almost failed on the house floor. >> according to data from pew majorities across all groups express little or no trust in washington. >> you need to have trust in government for the government to work effectively. >> good evening. perino. in the latest news about the nsa giving americans yet another reason to distrust our government, "the washington post" revealing that the nsa has broken privacy rules, thousands of times, every year since 2008. and the chief judge of the secret court that's supposed to police the government's spying program says that the court has limited ability to do its job. the nsa issuing this response, quote, when nsa makes a mistake and carrying out its foreign intelligence mission, the agency reports the issue internally and to federal overseers and aggressively gets to the bottom of it. congressman goudi joins us. th
staff. nothing changes there. it stays at it currently is. they're not eligible for tax credits and others that others might be eligible for. >> do you have to pay income tax on your wages? >> yes. [laughter] >> do you pay social security tax? >> yes. >> this question here -- hard- working recipients prudently despairs of his two low-paying jobs with no benefits. this pertains to a lot of people. to lift his spirits, he watches a tape of congressional members going down the capitol steps thursday afternoon after a three-day work session. they have achieved the american dream -- getting full pay, premium healthcare, office staff, and travels just for part-time work at the capitol. surely one so blessed with think of struggling workers and supported health care for the middle class working poor. the skepticism encompasses him. many congressional members seeking reelection are promising good jobs and less government regulation and speak as examples for that prerequisite. as a doolittle congress, it is all speculation. -- do little congress, it is all speculation. we are concerned a
that restrict employers ability with respect to hiring and firing and all the various taxes that they encounter and the lawsuits that they potentially encounter when they hire people. so that is what the government should be focused on, removing all of these barriers to let the free market create jobs. but if they think they will crate jobs by creating inflation and keeping interest rates low, they are wrong. >> you and i have had a lot of conversations about different issues, but we haven't talked about youth unemployment, not just in the uk, but the rest of europe. they embrace capitalism. for the most part, they have free markets. what are they doing wrong and why is this such a crazy problem when you try to explain it to somebody who lives outside of europe? >> the minimum wage law is particularly problematic for young unskilled people. the british have some kind of apprentice training wage. but by the time he gets and 19, the full minimum wage applies which i think is close to u.s. terms. but a lot of people are not worth that much. they don't have the skills. the minimum wage is just the
something wrong. when he talks to the american people, he said we need to spend more money and tax more and we need to worry about the deficit at a later time. a sustainable path and balanced approach and talks about this. he's trying to advantage himself when he talks to the republicans about fiscal issues. and the sticking point for the president is the broadening belief that his health care law is a disaster and it will be all hay wire and your personal data won't be secure or paid for. and he carves out exemptions for powerful interest groups and people with good lobbyist in d.c. that assessment goes up and doesn't make people feel more optmistec about the economy. they will not think that the economy is going to be good. >> as that dead line of october 1st. it is a starting date for when people sign up for obama care, it seems that americans are getting more nervous about health care. what does the latest polls show on that? clearly americans think in the majority, this law is going to make them poorer and make their health care worse and make the federal government deficit go up a
government can step in whether it's voting, the environment, the road system, whether it's the tax system. the federal government is preempting the field in all respects so rather than checks and balances between the three federal branches, for the most part they're giving their ideas one after another. obama care. whether it's these other acts of the federal government so it's the federal government working and the massive bureaucracy against the states and against the individuals. >> you looking at a constitution to provide the mens for restoring self government and you even go as far as to suggest otherwise there is the potential of social collapse. >> well, i mean, when you have a federal government that has unfunded liabilities under $93 billion and 3 years ago over $67 trillion, it's growing that fast, a federal government imploding and expanding at the same time, when you have a federal reserve that's just mindlessly, you know, printing money through quantitative easing and so forth and when you have poll tins only rewarded if they spend your children and your grandchildren's money
hands, at least i didn't do that. k07b -- connell: just keep reading. dagen: debate of tax reform if you need cold water to put the fire out, maybe that's it. rich has it. connell: what does giselel think of tax reform? join us at projectluna.com >> it's now 23 minutes past the hour. this is your fox news minute. a military judge in maryland has started deliberating on the sentence for bradley manning for disclosing classified information through the welcomes, wikileaks. he faces a prison term as long as 90 years, prosecutors asked for 60 years and defense lawyers say it shouldn't be more than 25. the colonel will announce the sentence tomorrow morning. the best selling author has died at the age of 87. now, according to the website, the author of more than 45 books, suffered a stroke last month. his best sellers included "get short question," "out of sight," and many became successful movies so they may sound familiar to you. meet the latest addition to the white house. the family now has a second dog, sonny. see him right there. the obamas have adopted another water dog, and now bo has
♪ ♪ imus in the morning >> higher taxes on the middle class. redistribution of wealth and a president who acts like a king. i'm charles payne in for stuart and this is the big story. call it obama 2.0. the latest example, higher taxes on your cell phone bill to pay for internet and schools. according to a new poll, the president's policies aren't working and we're going to have numbers for you in a minute. to the markets down again, talking about a triple digit move after the open to the down side and where are the short sellers putting their bets right now? we're going to tell you. and we know where a lot of obama money is going to planned parenthood. and the organization's d.c. branch helping the youth, and the new law. we want to know how you feel about that. "varney & company" about to begin. make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start usi active trader pro today. a quarter million tweeters is beare tweeting. and 900 million dollars are changi
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